Overview
- YoungHoon Kim posted on X that he converted all his assets to bitcoin, calling it the only hope for the future economy and saying it will become the ultimate reserve asset.
- Bitcoin traded near $114,000 around his posts with a small short-term rise reported, a level that makes a 100x move to above $10 million per coin historically unprecedented.
- Kim publicized a meeting with Matt Prusak of American Bitcoin and predicted the Trump-linked miner, now trading on Nasdaq as ABTC, will become the world’s largest company.
- Kim’s claimed IQ of 276 lacks independent verification, and psychologists and high‑IQ communities have criticized the figure as implausible, with outlets reporting difficulty finding credible test evidence.
- Market analysts cast doubt on a 100x decade-long rally, noting that even bullish institutional scenarios typically envision roughly 5x to 20x gains as U.S. policy debates continue, including a March order to explore a federal bitcoin reserve that has not been established.